BMO GAM's Balmer: Now is not the time to take heroic calls on large equity holdings

Keith Balmer of BMO GAM

Keith Balmer of BMO GAM

Last month the US yield curve inverted, with the yield on 10-year Treasury bonds dipping beneath the yield on 3-month Treasury bills.

History has demonstrated that a yield curve inversion at these specific points has been a good predictor of future recessions. As the US economy is currently driving global growth, a recession in the...

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